{"id":3978,"date":"2019-02-17T14:10:18","date_gmt":"2019-02-17T14:10:18","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-celerity-power-llp-2019-174-itd-433-197-ttj-45-mum-trib-www-itatonline-org\/"},"modified":"2019-06-09T09:38:29","modified_gmt":"2019-06-09T09:38:29","slug":"acit-v-celerity-power-llp-2019-174-itd-433-197-ttj-45-mum-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-celerity-power-llp-2019-174-itd-433-197-ttj-45-mum-trib-www-itatonline-org\/","title":{"rendered":"ACIT  v. Celerity Power LLP (2019) 174 ITD 433 \/197 TTJ 45 \/ 174 DTR 68 (Mum)    (Trib.) www.itatonline.org"},"content":{"rendered":"<p>Provision of S. 47A(4) \u00a0will apply \u00a0only for purpose of withdrawing an exemption earlier availed by an assessee and could not have been applied \u00a0\u00a0for determining\u00a0 whether \u00a0the \u00a0assessee is \u00a0not eligible for claim of exemption under section 47(xiiib) in year of raising of such claim itself. ( ITA No. 3637\/Mum\/2015 &amp; C.O No.2\/Mum\/2016, dt. 16.11.2018)\u00a0( AY.2010 -11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 47A : Capital gains &#8211; Withdrawal of exemption \u2013 Conversion of firm in to LLP &#8211; Provision will apply only for purpose of withdrawing an exemption earlier availed by an assessee  and not for determination of exemption under section 47(xiiib) of the Act .[ S. 45 47A(4)]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3978","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-12a","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=3978"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3978\/revisions"}],"predecessor-version":[{"id":5666,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3978\/revisions\/5666"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}